706 Broadway Ave 718 Bedford, OH 44146-3642

This exceptional investment opportunity presents a 7-unit retail storefront building totaling 6,975 square feet, situated on a 0.185-acre lot in Bedford, Ohio's historic downtown. The property, built in 1921, features a single-story brick structure with over 117 feet of frontage on Broadway Avenue (706-718). Currently housing seven tenants, this multi-tenant property offers significant upside potential due to unchanged lease terms since the tenants' inception. While the building is in good condition, the roof requires some attention. The property boasts separately metered electric and gas for each unit, adding to its operational efficiency. The asking price is $275,000, translating to less than $51 per square foot for this occupied multi-tenant building—well below replacement cost. The property's location benefits from strong demographics within a 3-mile radius, showcasing an upward trend in housing, population, and average household income ($63,539). The property's APN is 812-13-059 and is zoned for Historic Downtown use. This presents a rare chance to acquire a well-located, established retail center with substantial value-add potential. The lease type is gross, and tenant credit history is not available.